The Peacock Mining Claim
Osceola Mining District, White Pine County, Nevada
National Bureau of Mines Mine Registration ID:
These mines are certified and registered with the actual National Bureau of Mines. Certificates and Documentation from the National Bureau of Mines will be provided to the winning bidder.
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As a service to our customers, the assessment fees for 2014 are paid for this claim. That means nothing due to the BLM or County until September 1, 2014.
Peacock Claim Info:
|If you know gold, you should know Osceola. In the south west section of Nevada, Osceola has produced some of the best placer gold in the west. However, placer gold is an indicator of lode gold, and this area is no different. The lode mines in this area were, and continue to be rich. The gold was in good production until 1942 with the advent of the War Act, which effectively closed every small mine in the west, regardless of how profitable they were. The mines up here are always good producers, especially for small operators who can effectively extract just the high grade ores and crush and pan the gold out.
*The Osceola district, White Pine County, covers both sides of the crest and the western slope of the Snake Range from Osceola summit south to Willard Creek. This district is the only predominantly placer gold district in White Pine County and includes the Dry Gulch, Grub Gulch, Weaver Creek, Hogum, and summit placer diggings, as well as lode gold mines located along Pilot Knob Ridge above Dry Gulch.
*Gold-bearing veins were discovered on the western slope of the Snake Range, in the vicinity of Pilot Knob Ridge, in August 1872. Early locations included the Western Slope, Exchange, Pilot, and Osceola lodes (Whitehill, 1875, p. 78). The Cumberland mine was located in 1874, and the Golden Eagle and Credit ledges were also being worked in that year. Ore from these ledges and the Osceola ledge were being treated in a Mexican arastra (Whitehill, 1877, p. 170-171).
Lode workings in the district are grouped in five principal areas: Gold Exchange, on Pilot Knob Ridge; Mary Ann Canyon, south of Pilot Knob Ridge; Summit, at the base of the ridge south of Osceola Summit; Whitney, south of the Summit workings and higher on the ridge; and Mulligan, at the head of Jacks Gulch, between Pilot Knob Ridge and the Summit area. The most extensive underground workings were in the Star, Crescent, Time Check, Cumberland, and Exchange mines of the Gold Exchange group (Hose and others, 1976, p. 61).
In 1878, a stamp mill was erected to replace the earlier arastras; other stamp mills were built in 1916 and 1921, and the district produced lode gold intermittently at least through 1959, the last year of recorded production. Total lode production from the district, 1872-1959 is about $1,419,000 in gold, silver, lead, zinc, and copper (Hose and others, 1976, p. 62). This figure may include some production from the Woodman and Gilded Age mines in the adjacent Sacramento district.
Gold and Tungsten were discovered at the Pea Ridge mine (possibly the Skipper mine at the head of Ohio Canyon) in 1916, and both gold and tungsten concentrates were recovered from a stamp mill constructed on the property. Tungsten was found in ores at the Black Mule mine, near the mouth of Serpent Gulch, about 1930 and at the Dirty Shirt mine, on the south end of Pilot Knob Ridge, about 1941. Between 1930-1938 and 1941-1943, the Black Mule and Dirty Shirt mines produced about 1170 units of W03. The Skipper mine (Pea Ridge), in Ohio Canyon, produced an additional 175 units of W03 between 1916-1918 and 1954-1955 (Stager and Tingley, 1988, p. 224-225).
None of the various deposits in the Osceola district were active when the area was visited in August, 1990. Exploration and possibly some development was reported to have taken place on the Hogum gold placer properties within the past two years, however, and equipment remains on the property. The oldest rocks in the exposed in the district are Precambrian quartzite, conglomerate quartzite, and argillite. These rocks are overlain conformably by the Cambrian Prospect Mountain Quartzite, Pioche Shale, and Pole Canyon Limestone and are intruded by granitic rocks of Mesozoic(?) age. The sedimentary strata are tilted westward, commonly about 35', but locally as much as 85', and in some localities-notably at the Osceola mine, they dip north. The sedimentary rocks are cut by steep faults that trend north or northeast and both the granite and sedimentary rocks are cut by joints and sheeted zones of small displacement (Hose and others, 1976, p. 61). All of the sedimentary rocks exposed within the Osceola district lie in lower-plate rocks, below the Snake Range(Coney, 1974, p. 1)
Regional Geology and Ore Deposits:
*Lode gold deposits occur in veins 1 to 3 feet wide or in groups of veinlets and stringers along sheeted zones in quartzite. Most of the lodes are made up of discontinuous veinlets of quartz that have filled narrow, parallel fissures in sheeted zones; these zones can be up to 15 feet wide and may extend along strike for half a mile. Iron-stained clay accompanies quartz which contains sparse, very fine-grained, disseminated pyrite and many fluorite-filled vugs.
Gold occurs finely disseminated in the quartz and clay, and as flakes in the quartz or lining the vugs (Weeks, 1908, p. 126). The various workings of the Gold Exchange Group, in and along Pilot Knob Ridge, are in the upper part of the Cambrian Prospect Mountain Quartzite, near the contact with the overlying Pioche Shale; the top of Pilot Knob Ridge is capped with limestone. In the mines in this area, gold occurs in two lode systems; one striking east-west, the other northeast-southwest. The gold is concentrated within fissure zones of varying width and is also disseminated to a greater or less extent in the beds of finely shattered quartzite (Weeks, 1908, p. 128-129).
At the Summit workings, east of Osceola, gold ore was mined from fractured and brecciated zones in Prospect Mountain quartzite, Quartz veins containing limonitic gossan and fine-grained free gold follow the breccia zones. At the Black Mule mine, west of the mouth of Serpent Gulch in the southwestern part of the district, gold, and later tungsten, ore was mined from veins that cut Cambrian shale and limestone. A small body of granite intrudes the sedimentary rocks about 600 feet south of the mine.
Scheelite occurs in a narrow quartz vein along a fault cutting the sedimentary rocks and in altered limestone adjacent to the vein. The vein trends about ~45'~~ and dips to the southeast (Stager and Tingley, 1988, p. 224-225). Material seen on the dump of this mine is mainly replacement ore consisting of jasperoid and jasperoid-cemented breccia; scheelite occurs with the jasperoid. Tungsten was also mined from an east-west-trending quartz vein in granite at the Skipper mine in Ohio Canyon. The vein contains free gold in limonite-after-pyrite casts as well as sparse galena and some scheelite.
The extensive placer gold deposits in the Osceola district are localized in gravel above quartzite or limestone bedrock in the canyons and above several layers of caliche-cemented alluvium, called "false bedrock”, in the alluvial fans. Deposits were mined as deep as 200 feet in the fans, but most of the production came from channels 20 to 30 feet deep, 2 to 8 feet thick, as much as 60 feet wide, and a mile or more in length. The gold is generally fine; nuggets are uncommon but one weighing 24 pounds, perhaps the largest nugget ever found in Nevada, was recovered from the Osceola placers in 1878 (Whitehill, 1879, p. 158).
Ref: *Mineral Resources, Schell Resource Area, Ely, Nevada 1991;
||Weaver Creek, Hogum, Centennial
gold, silver, lead, zinc, copper, tungsten, phosphate
|The infamous Highway 6/50 runs west from Ely and cuts across a few mountain ranges before you see the road that appears to cut right up the mountain and into the Osceola District mines. The Osceola district does see a lot of traffic still. The Utah Gold Prospectors Club holds placer claims in the lower flats of the valley and consistently pull gold year after year. We aren't fans of seeing a lot of people or stepping on toes. Additionally we feel that any values are going to be found where not many people have looked. Its with this in mind that we located the Peacock Claim. This is a high mountain mine and the claim covers for very high terrain.
At a height of 8300' above sea level, Winter months will not really be an option here. From the first snow fall (November) the area will stay under a few feet of snow until March or April. The Spring, Summer and fall months will be amazing. Temperatures being ideal from 40s in the evenings to mid 80s highs in the peak of the Summer heat.
Access is surprisingly easy. A great 2-track road runs up the canyon and around the mountains. This road is easy to navigate as long as you have a little clearance and could be run with a 2WD. As usual we recommend 4WD, just in case.
The claim covers a full 20 acres run in the general direction of the lode as can be determined from the fault and the veins inside the mine. The discovery monument is put in on a nice iron stained quartz outcrop. The claim is positioned near the head of Ohio Canyon, there are no other properties up this canyon and you will be mostly on your own. There are residents down in Osceola who are pretty friendly, as long as you reciprocate.
There are pockets of foliage, mostly small aspens and brush. Enough for some fires, but dont plan on timbering the mine with it. Its relatively barren and there is no water on the claim. Likely there is seasonal run off with the snow as the range averages 6-10 feet of snow per year.
The tailings from the mine reach down the mountain and are a great marker for the mines location. Dark red iron ores running off quartz make up the majority of what has been discarded. This indicates the richest ores were found here on the iron stained quartz, the gold and dark iron sections broken off and processed and the remaining quartz discarded.
Its outrcrops on lodes such as this that the placer gold down in the benches comes from. The gold is all free-mill, although it can be very small. As the weather breaks down the rock, the gold makes its way into the streams and then is panned out. Back in the day, the miners would trace gold back from the streams and rivers, and seek out the source of the gold. This is lode mining. Those that were willing to just take what washed down were the placer miners. Dont mistake that placer mines can turn gold, but you are very limited and you are only going to get what has washed off.
Beautiful views and long sunny days are what you should expect out here. The claim is on the western face of the mountain so you will have sunlight until the evening hours. Its a highly sought after area and well known for its gold production up to 1959 when the last of the "big" reporting companies moved out.
Set up your site with a 5th wheel, a generator, and start high-grading this mine. Its a great spot for family adventure, friendly crushing and panning or a spot to hold just for yourself!
All Images of the Claim and Mines associated can be viewed in high resolution in a gallery format at:
|Mining Claim Location
||None, no evidence of existing.
||Black Mule, Skipper, Dirty Shirt
|Minerals on the Claim
||gold, silver, lead, zinc, copper,
||Iron, Gold, Quartz, Galena
|Access to Claim
is .01 miles from
from paved road
||36 miles- Ely, Nevada
The Peacock Mine:
Discovery monument and the end of Ohio Canyon.
Large outcrop of iron and quartz. This is what you dig in on.
Quartz left in the tailings after the gold was broken out.
|The Peacock is the only mine on this claim. Its not the largest mine in the way of depth. However, in rich, good gold ore on quartz as the district is known for, it ranks very high.
The mine is cut in a textbook method to intercept the gold deposits as described in the geology report. As you enter the mine the quartzite is obvious and in a fat vein running into the mine. There is dark, gold bearing ore running along the top of the quartz where its visible in the drift. Additionally, there are other large veins of quartz exposed along the drift, lending credence to the description of the sheeted zones of quartzite.
The mine runs back through several large quartz veins for roughly 30' with some very interesting colors and fleck gold. There is only one section that is "stoped", a small chase on a vug that appears to be a natural void that was discovered when cutting the drift. There is some decent pyrite in the vug, but no real gold is visible. No other areas are stoping or areas that are particularly "mined out". The drift makes a short turn to the north east and continues another 20-25 feet before ending at an unblasted face. There are no blast holes or indications of drilling, which dates the mine to pre-1890, when powder was packed in for blasting and dynamite was not in full use.
From the 1998 report: "Tungsten was discovered at the Pea Ridge mine (possibly the Skipper mine at the head of Ohio Canyon) in 1916, and both gold and tungsten concentrates were recovered from a stamp mill constructed on the property. The Skipper mine (Pea Ridge), in Ohio Canyon, produced an additional 175 units of W03 between 1916-1918 and 1954-1955"
"Lode gold deposits occur in veins 1 to 3 feet wide or in groups of veinlets and stringers along sheeted zones in quartzite. Most of the lodes are made up of discontinuous veinlets of quartz that have filled narrow, parallel fissures in sheeted zones; these zones can be up to 15 feet wide and may extend along strike for half a mile. Gold occurs finely disseminated in the quartz and clay, and as flakes in the quartz or lining the vugs."
The mine is cut into hard rock with no outside sluffage. The spine is an arched cut, giving good stability to the mine. There are no danger points or hanging walls. The airflow is good and consistent throughout the mine. We didn't find any evidence of animals or even mice. Likely this is due to the high mountain location.
Height X Width
Bureau of Mines ID
|What is being auctioned:
You are bidding on one (1), lode mining claim, owned and located by GRE, Inc. This purchase is for all interest in this claim. This claim covers the documented site pictured above. This claim measures 1500ft by 600ft, for a total of 20.66 acres, unless otherwise noted.
The claim and the mine has been verified and recorded with the National Bureau of Mines. For more information on this, please contact the National Bureau of Mines on their website. This mining claim gives the owner full control of the minerals and ownership of all lodes, minerals and gems on the claim for as long as the purchaser maintains ownership. Ownership is retained by annual maintenance assessments of $140 payable to the BLM. This fee is per claim, per year.
This claim is paid in full until September 1st of 2014.
These claims have been described to the best of our ability above. Ownership of a lode claim(s) gives the registered owner full control and ownership of all lodes and minerals, gems that may be located on the claim and or underground as accessed by the tunnels. Lodes and veins that travel underground are covered by this claim for as deep as they travel unless intercepted by another tunnel.
GRE is not selling any stocks, shares, securities or any sort of speculative investment.
This claim has been staked according to state law to include all of the mines and land as pictured. GRE has placed all stakes on all corners as required by law. Any claim that has no stakes is not considered legal or valid by the BLM and can and will be invalidated.
The sale of this claim and the information contained therein does not imply or guarantee values, assay reports, or future earnings. GRE, Inc. makes no guarantees, neither written nor implied of any past, present or future value or mineral content.
GRE, Inc. recommends that all potential bidders make all efforts to inform themselves on the interests and legalities of mining claims prior to bidding or purchasing mining claims.
We prefer email correspondence for all vital discussions that we have a documented record of interactions. However, we are available via phone or email during normal business hours. Our offices are open from 9am to 5pm Monday through Friday. The GRE team is educated, knowledgeable and competent to answer any questions you may have. Please don't hesitate to contact us. 385-218-2138
Bidders with a feedback score of less than (10) must contact us for pre-approval prior to placing any bids. Bids from accounts that are not pre-approved will be canceled without notice. If we cancel your bid, your bidder ID will be blacklisted and you will not be allowed to bid on any other claims. We will immediately cancel bids from zero (0) feedback bidders unless we have pre-approved you. If you place a bid, please note the terms and payment methods and dates. Full payment or contract is required within 7 days of auction end without exception. Failure to meet this requirement will result in claim being re-listed or offered to other bidders. If you default on a bid, your ID will be blocked from any future bids on GRE auctions. A bid on any GRE auctions implies consent to the GRE Purchase Agreement. This purchase agreement is mandatory and must be signed and returned to GRE within 7 days of auction ending.
You may not use credits with GRE to pay for this auction. We require a deposit of $1000.00 within 24 hours of the auction closing. This is to secure your interest in the site while the remaining balance is in transit. If deposit is not received, the claim will be offered to other bidders without exception. GRE accepts all forms of valid payment. This includes cash, check, credit card and verified gold or silver bullion. Silver and Gold Bullion payments are assessed at spot metal prices at the time they are received. GRE will send all correspondence to the email address on file with eBay. Please verify that this address is correct, we are not responsible for misdirected or un-received email. Payment and signed Purghase Agreement/ Finance Contract are due in full within 7 days. If full payment is not received within 7 days, the deposit will be forfeit, and the site will be relisted or offered to other bidders at the discretion of GRE.
In most cases we can offer financing of sites upon approved credit history. Financing requires roughly 48 hours to verify and approve. Please call our office for more details on pre-approval and credit verification. Financing is offered at a rate of 6.5% MPR (monthly percentage rate). Please be sure that you are pre-approved before bidding, if you would like to finance a claim. Basic terms are minimum $2500.00 down or 25% of selling price over $10,000.00, whichever is more. The documentation fee of $349.00 per claim is added to this down payment, and a minimum monthly payment of $1000.00 or 1/12 of the amount owed, whichever is more. Minimum total down payment for any financed site is $2849.00 Interest is calculated on balance due on a 30 day term. Finance term not to exceed 12 months. You must contact us at least 3 days prior to auction end to arrange financing. Financing a claim will automatically stop you from financing any other claims until your primary account is paid in full. We will only finance one (1) buyer for one (1) claim at any given time.
Terms & Conditions:
This is an UNPATENTED mining claim, and requires a yearly maintenance fee of $140 per year, per claim, (or submit a waiver to avoid paying fees) to retain ownership. The maintenance fees for the site will be paid and taken care of in full for the current year. No monies will be due to the BLM until September 1st of the current year, to retain ownership for the following year.
In addition to the final bid price, there is a $349.00 documentation processing fee that is required of the winning bidder. This fee is per claim. This fee covers all of the filing of paperwork in the proper counties and state and with the BLM.
All of GRE’s claim purchases require a Purchase Agreement. This purchase agreement verifies that the buyer has a full understanding of what is being purchased. The Purchase agreement also defines the rules and regulations related to mining claim purchases. A signed Purchase Agreement must be in place prior to execution of the Quit Claim deed. Full payment or completed, approved finance contract must be in place to transfer the claim.
Buyer will receive the following with their completed transaction:
- Quit Claim deed showing the buyers full ownership of the claim. This will be stamped, recorded and verified with the County and BLM offices. No other paper work or mailings are required.
- Welcome Packet with all of the rules and regulations as they relate to the State and BLM where the claim is located.
- A CD of all documented images of the claim including a GRE survey and mapping of the site.
- 24k map with claim marked & GPS coordinates
- 100k map with claim marked out
- GRE Sticker
- Other GRE Promotional Materials
- Complimentary copy of the current issue of the 21st Century Gold Rush Newsletter
- Official National Bureau of Mines Validated Certificate for each mine.
- Official National Bureau of Mines Claim Certification document.
Please note that all information and documentation will only be sent to the email address you have on file with eBay. Your documentation will also only be shipped to the address on file with eBay. Please verify this information. We do this for your security as well as ours. All documentation, payments, finance contracts and purchase agreement documents must be completed to begin the transfer of the Quit Claim. Quit claim can be transferred to any person or business specified once identity has been established. Documentation fees cover all of the filing of paperwork in the proper counties and state and with the BLM.
The winning bidder will receive a Quit Claim deed transferring all interests in the claim. No monies due until September 1st, 2014. Note, each claim is responsible for a documentation fee of $349.00 The documentation process generally takes 45-60 days to complete in full, add another 3-5 business days for transit of documentation to you. As part of the documentation process, we will need the following information from you:
- Legal name(s) of the person(s) or business that should be listed as owner(s) on the claim
- Legal mailing address including the county of the person(s) or business that should be listed as owner(s) on the claim
- A valid phone number to contact the person(s) or business listed as owner(s) on the claim should the BLM need to make any contact.
All of these items are extremely important and failure to provide all accurate information could result in missed communications regarding your claim.
Legal Notes: (To be in compliance with eBay rules and regulations please review the following notes)
*This auction is not for any Speleothems, Stalactites or Stalagmites. This auction is not for any cave formations of any sort. *This auction is not for ownership of a cave or any sort of cave related items. It is for control of locatable minerals and the ability to secure the land on which your minerals are located. *This auction is for Mining Claims. Mining Claims are administered by the BLM. They are not administered, nor are they under any control by the US Securities and Exchange Commission. *This Auction does not constitute any sale of stocks or other security interests that represent a current investment ownership interest in an entity. Nor does this auction represent any effort by individuals to raise money or find investors for Businesses. A mining claim is not ownership of the land. It is full control of locatable minerals. The BLM defines located minerals as: * Locatable minerals include both metallic minerals (gold, silver, lead, copper, zinc, nickel, etc.) and nonmetallic minerals (fluorspar, calcite, mica, certain limestone and gypsum, tantalum, heavy minerals in placer form, and gemstones). (Edited from: http://www.blm.gov/pgdata/etc/medialib/blm/wo/MINERALS__REALTY__AND_RESOURCE_PROTECTION_/energy.Par.26680.File.dat/MiningClaims.pdf) The General Mining Law of 1872, as amended, opened the public lands of the United States to mineral acquisition by the location and maintenance of mining claims. Mineral deposits subject to acquisition in this manner are generally referred to as “locatable minerals.” A lode claim is defined as: "Jefferson-Montana Copper Mines Co., 41 L.D. 321(1912), established the full test for a lode claim: “To constitute a valid discovery upon a lode claim, three elements are necessary: 1. There must be a vein or lode of quartz or other rock-in-place, 2. The quartz or other rock-in-place must carry gold or some other valuable mineral deposit, 3. The two preceding elements, when taken together, must be such that as to warrant a prudent man in the expenditure of his time and money in the effort to develop a valuable mine.” Additionally, Federal statute does not describe what constitutes a valuable mineral deposit; therefore the government has adopted the “prudent man rule.” This rule determines value based on whether or not a person will consider investing time and money to develop a potentially viable mineral deposit. This rule was first stated by the DOI in 1894, in the adjudication of Castle v. Womble, 19 L.D. 455 (1894), the holding of which states: “…where minerals have been found and the evidence is of such a character that a person of ordinary prudence would be justified in the further expenditure of his labor and means, with a reasonable prospect of success in developing a valuable mine, the requirements of the statute have been met.” Note, this is site is not subject to the Cave Protection act of 1988, as Federal Law states: 16 USC Sec. 4308&01/08/2008 Sec. 4308. Miscellaneous provisions -STATUTE- (d) Existing rights Nothing in this chapter shall be deemed to affect the full operation of the mining and mineral leasing laws of the United States, or otherwise affect valid existing rights. -SOURCE-(Pub. L. 100-691, Sec. 9, Nov. 18, 1988, 102 Stat. 4550.) REFERENCES IN TEXT The mining laws and mineral leasing laws of the United States, referred to in sub sec. (d), are classified generally to Title 30, Mineral Lands and Mining. The information above is cited from the official Department of the Interior Bureau of Land Management page.
GRE Guarantee: GRE Guarantees that this mining claim has been written correctly and physically staked on all corners. GRE will provide documentary evidence of all paper work and claim stakes for the claimant. It is understood by the buyer and the seller that all attempts have been made to verify accuracy and location in relation to this claim. In the case of inaccuracies or other issues, the Seller (GRE) will amend or modify and record any documents and physical monuments as required at no cost to the buyer.
It is understood that the buyer will have up to one year to verify their purchase. This includes verification of location, staking, documentation, personal information and any other elements pertinent to this purchase. If within that one year, there are any modifications, inaccuracies or other issues, the buyer will immediately report these in writing to the GRE. GRE will make any revisions, modifications or otherwise required actions on behalf of the buyer, at no cost to the buyer, at the GRE’s discretion.
After a period of one year from purchase date, there will be no further liability to the seller, regardless of the circumstances. The seller will not be required to execute any actions or documents for any reason without compensation.
Due to the nature of this sale, returns are not applicable. In the case of any issues, we will work with the buyer to be sure that the buyer is satisfied with their purchase as per the GRE Guarantee. GRE does not refund cash. All refunds or adjustments will be given in the form of credits or merchandise of at least equal value.
Since 1999, Gold Rush Expeditions, Inc. (GRE, Inc.) has been locating and documenting valuable mining claim sites in the Western States. We research, locate and document historic and significant mines throughout the west. We sell mining claims, that’s it. We have teams dedicated and knowledgeable in exploration. We have an entire office staffed with experts in mining. We have a full legal team dedicated to monitoring and protecting our interests and yours! GRE is an actual "brick and mortar" business with an office that you can stop into.
We do operate within normal business hours of 9am to 5pm MST. We can be reached in the office at 385-218-2138. You can feel free to stop in and see what we are working on. Our office has an extensive mining library and an impressive collection of mining artifacts and memorabilia. Mining claims can be tricky from state to state. GRE, Inc. has provided more mining claims than anyone else, to happy, satisfied customers. We will be here long after the sale to help out with most anything you need. We sell many claims to repeat buyers; this says a lot about what we are doing.
All of our claims and mines are registered and documented with the National Bureau of Mines.GRE, Inc. surveys over 600 sites per month; Out of those surveys, we usually only claim 20-30 of those mines. The sites we offer are the best of the best. They are here because we believe them to have a good value. GRE has pioneered offering mining claims to the public at a reasonable rate, taking care of all the paperwork for you. We go the extra distance to make sure that everything is right and if it’s not, we will make it right. In addition to your claim you will also have access to GRE, Inc.'s legal counsel, this is at cost, but they are familiar with what we do and very efficient at resolving any issues that may arise.
Additionally, we do have many other exploration and mine maintenance services available including staking and mapping. If you are interested in any of these services, be sure to let us know and we can forward you the appropriate information.
Information on Mining Claims:
According to federal mining laws, a Mining claim is a tangible asset; it shows proof of all interests in minerals in the area. It can be bought, sold or used as collateral, just like real estate. You likely don't have ownership of the mineral rights on your own land.
Mining Claim Facts:
Any operations on a mining claim above what is considered "casual use” will require permits from the BLM.
- It is not legal to "live" on your mining claim without extensive permitting and bonds paid to the BLM.
- It is not legal to "build" or make other improvements to your claim above "Casual Use" without permitting and bonds paid to the BLM.
Please do not be deceived by other sellers. If you want a piece of property to build on and make a summer house, this isn't it. Buy real-estate, not a mining claim. “You will pay upwards of 50k at a minimum to get permitting to build any sort of crude living quarters on your mining claim and you will be required to reclaim that structure to BLM standards if you ever abandon the claim.”
With a claim you have no liability for the public. If someone walks in and falls down your mine, it’s the BLM that gets sued, not you.
Existing clean up and environmental issues are not your problem.
With a plan of operations you can fence off your site to keep the public out as well.
No taxes, just your annual assessment of $140 per year. Most large companies now days are looking to buy smaller sites since they haven't been commercially worked and still have values in them.
These types of claims typically have been held by individuals instead of large mining companies.
These claims are rare opportunities for prospecting and mineral exploration. Hard rock mining has made many millionaires, but you don't make anything without rights to the land. This claim gives you ownership of all lode mineral rights.
Adit-A horizontal access point to a mine
Drift-An adit or shaft that chutes off from the main adit or shaft
Spine-The ceiling of a tunnel or shaft
Shaft-A vertical access point to a mine
Stope-A void from the mining of ore from inclined or vertical veins
Incline-An angled tunnel following an ore body
Winze-A vertical or inclined passage between levels in a mine
Face-The end of a mine, end of an adit or shaft
Tucker-Any animal feces found underground
Cyros-Any mine or prospect with no mineral value
Q: What is “Bureau of Mines Certified”?
A: The National Bureau of Mines does a full verification of all documents filed with counties and BLM. Then they record and verify all pictures, maps and description. Once this is complete, the mine is given a number and designation. This means that in the future, you could accurately retrieve all of this information on the mine. Once recorded, the claim boundaries do not change or vary. This also adds dollar value to the mines as the NBOM can verify details for banks, investors and others.
Q: If there are still precious metals inside, why don't you mine it yourself?
A: Our business is location, documentation and preservation. If we worked at any mine all day, we wouldn't have any time to locate and document other mines around the western states.
Q: Why buy a mining claim? What am I getting?
A: Purchasing a mining claim gives you ownership of the minerals on that 20 acre lot. You can hold, sell or trade these rights as you see fit. Claims can also be passed in wills, and as part of a family trust. The only caveat is to make sure that you are paying the annual assessment. There are no late payments, as soon as you miss that date; you lose your claim, no matter how long you have had it.
Q: Why would they leave valuable minerals behind?
A: Most of these were abandoned for good in the 1940s by federal law when gold and silver mining was banned and people were only allowed to file claims for Strategic Minerals. In the 1930s it had been made illegal to hold any stores of gold as well. Even if you had gold in your mines you couldn't mine it. When this was repealed a few years after WWII, Gold was cheap at around $25 per ounce and silver was less than $2 per ounce; not very appealing to miners of the time.
Additionally, Miners were gamblers, leave a body of gold ore and maybe next year gold is up $10. Sell it then and make more money. Most large mining operations would leave 50% of the ores in the ground. Set aside specifically as a sort of “savings account”. Think of it as a 401k of today. Also, a lot of mines that ran silver saw the values fall to a low of .30 cents per ounce around turn of the century which effectively killed any profit to be made mining sites. Today silver sits at around $25.00 per ounce. That's more than a 100x increase. Ore processing today usually extracts 90-95% of precious metals, while in the late 20s, mills were lucky to extract 25% of total value.
Q: Why buy from GRE?
A: Only GRE sells claims that are certified by the Bureau of Mines. This is huge. The fact is we do more work on the ground, and in the office than anyone out there. This relates to land verification, geology reports, mapping and the relavent items that make a mining claim worth having and holding.
Our passion is for mining and the history around it. We want people to get claims that are accurate and documented. Something they can pass down to their children. So we do more work, and make sure that all of our claims are rock solid, from top to bottom. There are no surprises here. 10 years from now, you will still be able to reproduce the same information on your mine. Additionally, you will be able to see a history of who has owned it and when, images, documents and any items that are available in relation to the mines will be captured with your National Bureau of Mines ID.
The tunnels are very old cut and the few timbers are just as old.
The veins are very thick, 8-20 inches and textbook for gold deposits in the district